Taking on the Credit Cards

Senator Dodd's version of the credit card bill will be voted on this week.

His measure is even tougher than the House bill in restricting a card company’s power to boost interest rates on borrowers, offering protection to those behind on their payments.

The bill would also require more notice to consumers about changes in the terms of their agreements with the companies and end what lawmakers have described as other abusive practices.

Another excellent opportunity to see who owns whom. Incidentally, an amendment from Senator Sanders capping interest rates at 15 percent isn't expected to succeed. Shocker.